Apartments in Alicante - secondary market
Location on the map, climate, and economy
Alicante - a port city in southeast Spain, located on the Mediterranean coast. An important resort and tourist center.
The climate is Mediterranean. The warmest month is August with an average temperature of 25°C. The coldest month is January, with an average temperature of 11°C.
The majority of the population (82.4%) are engaged in services, primarily in trade and tourism. Banking and education sectors are developed too. 6.2% of the population is employed in industry. The basis of the economy is beach tourism, exports of wine, olive oil, citrus fruits and fruits, and light industry. Leading industries are tobacco and food, as well as cement and aluminum production.
How to invest in apartments in Alicante profitably: offers in the market, suggestions on where to buy properties
According to Spanish real estate registrars, most of the objects were bought in the secondary market of Spain in Alicante (on average, 19.1 sales transactions were held for every thousand inhabitants). Such demand for apartments in the province can be argued for a huge selection of offers in areas with developed infrastructure at affordable prices. Accordingly, buyers prefer secondary objects that need repair than new buildings in insufficiently equipped areas. Before buying (especially remotely), we recommend not only viewing the photo of the selected object, but also getting acquainted with the reviews of the residents of the house.
The investment attractiveness of the local market is not in doubt: the possibility of acquiring secondary real estate in the city is considered by both private and corporate investors.
It is worth noting that proposals in the secondary housing market are in demand among foreigners, including Ukrainians and citizens from the CIS countries. This is due to the fact that the prices of apartments in Alicante have undergone significant adjustments to lowering from the beginning of the crisis.
Therefore, the purchase of an apartment, townhouse or villa by the sea in Alicante is considered by foreign buyers not only as an effective financial instrument for maintaining their own savings, but also as a long-term investment for the purpose of renting the properties to the tourists.
A wide selection of apartments (including elite, economy class, etc.) is presented in the central part of Alicante, which attracts investors by the fact that local authorities launched a project for the reconstruction of the Old Town and the traditional center. Almost two-thirds of the housing stock in the center are houses built more than half a century ago. The most prestigious streets and squares in the central part, according to experts, are La Avenida Alfonso El Sabio, La plaza de los Luceros and La Avenida de Maisonnave. The historical center and the territory adjacent to the fortress of Santa Barbara (Castillo de Santa Barbara) are characterized by a higher level of apartment prices than in other areas of the central part of the city. You can buy a one-room apartment or a studio inexpensively in some residential areas of the city, here are the lowest prices for objects, which is due to the maximum population density and development.
Apartments near the beaches of San Juan and Albuferet are the most attractive for investment.
Website for buying and selling apartments in Alicante
GEOLN.COM is a real estate website with a convenient search interface, that helps to find and buy an apartment in Alicante without intermediaries. You can choose apartments from the owners according to the necessary parameters, using the catalog of proven city objects and get expert advice quickly and easily.
The cost of an apartment in Alicante
The highest prices for apartments in Alicante (including townhouses, apartments and houses) are from 2 thousand euros /m² in the beach area (1st and 2nd lines) and in the central part of the city. The cost of an apartment in Alicante is reduced in proportion to the distance from the coast. Cheap apartments in Alicante can be purchased in areas remote from the central part. In remote residential areas, depending on the condition of housing, the cost per square meter can be from 800-1000 euros.
How to buy an apartment in Alicante: the procedure and nuances of investing
Among the advantages of buying an apartment in Alicante, one can note the absence of restrictions on the purchase of housing by foreigners, simplicity of the procedure, low (compared to other European countries) property taxes, availability and low interest rates when receiving a mortgage. Also a significant advantage for foreign investors is the fact that the secondary market in Alicante offers housing with already issued tourist licenses. Apartment owners get the opportunity to apply for a residence permit for the purchase of real estate, and then Spanish citizenship.
In order to buy an apartment in Alicante, you need to get a NIE (foreigner identification number), open an account at a Spanish bank, check the status of real estate (for debts and encumbrances) and sign a housing reservation agreement. After the above actions, you can sign the contract of sale.
GEOLN experts carry out high-quality selection of the apartments according to individual parameters. Purchase and sale of apartments in Alicante is accompanied by professionals who provide the preparation of the necessary documents and the comprehensive execution of transactions.
Buying an apartment in Alicante is a profitable investment, guaranteeing a high income from renting the property out and the possibility of living on the Mediterranean coast in a dynamically developing Spanish resort town, where modern tourist, industrial and municipal infrastructure harmoniously combines with a unique aura of historical and cultural heritage.